Sector breakdown

04
Technology 5.0%
Financials 4.7%
Industrials 3.5%
Communication Services 2.9%
Healthcare 1.9%
Retail 1.5%
Consumer Discretionary 1.0%
Energy 0.8%
Consumer Staples 0.5%
Real Estate 0.5%
Utilities 0.4%
Consumer products 0.3%
Materials 0.1%
Other/Unmapped 76.9%

Full portfolio 229 positions

05
Type Streak 8Q trend
IVV iShares Trust $206,769,828 23.80% 276,102 $25,651,830 Down ×1
IWL iShares Trust $94,030,292 10.82% 508,409 $11,164,518 Down ×1
VEA VANGUARD TAX-MANAGED FUNDS $88,281,503 10.16% 1,239,039 $7,988,768 Down ×3
JHMM John Hancock Exchange-Traded Fund Trust $75,543,904 8.69% 1,007,790 $8,343,066 Up ×6
BND Vanguard Total Bond Market ETF $62,703,686 7.22% 854,157 $3,263,144 Up ×4
IWR iShares Trust $37,567,908 4.32% 340,536 $4,013,891 Down ×6
JHSC John Hancock Exchange-Traded Fund Trust $35,111,748 4.04% 723,059 $5,232,981 Up ×6
NVDA NVIDIA Corporation - Common Stock $13,140,898 1.51% 65,675 $1,747,417 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $11,582,036 1.33% 32,780 $1,339,825 Down ×3
IWM iShares Trust $10,758,408 1.24% 35,808 $1,700,716 Down ×6
ARCC Ares Capital Corporation - Closed End Fund $7,315,651 0.84% 394,800 $-651,998 Down ×6
IWV iShares Trust $7,027,498 0.81% 16,481 $916,097 Down ×2
AMZN Amazon.com, Inc. - Common Stock $6,306,238 0.73% 26,459 $547,781 Down ×3
AAPL Apple Inc. - Common Stock $5,812,760 0.67% 20,088 $1,804,824 Up ×1
TSLA Tesla, Inc. - Common Stock $4,978,222 0.57% 11,836 $631,349 Up ×1
VTI VANGUARD INDEX FUNDS $4,101,893 0.47% 11,085 $388,517 Down ×2
SPYM State Street SPDR Portfolio S&P 500 ETF $4,070,919 0.47% 46,324 $644,206 Up ×5
UPS United Parcel Service, Inc. Common Stock $3,956,704 0.46% 36,807 $239,700 Down ×2
SPY SPY $3,922,332 0.45% 5,252 $470,720 Down ×4
MSFT Microsoft Corporation - Common Stock $3,587,706 0.41% 9,618 $17,778 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,980,323 0.34% 5,956 $87,393 Down ×3
XOM Exxon Mobil Corporation Common Stock $2,973,502 0.34% 21,749 $-728,140 Down ×2
IJH iShares Trust $2,844,389 0.33% 36,887 $301,316 Down ×3
JPM JP Morgan Chase & Co. Common Stock $2,673,469 0.31% 8,168 $278,565 Up ×1
AVGO Broadcom Inc. - Common Stock $2,536,969 0.29% 6,716 $1,202,671 Up ×5
CDNS Cadence Design Systems, Inc. - Common Stock $2,523,652 0.29% 6,724 $1,074,282 Up ×1
WFC Wells Fargo & Company Common Stock $2,482,423 0.29% 30,039 $749,767 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $2,373,704 0.27% 4,214 $1,465,734 Up ×3
IEFA iShares Trust $2,282,379 0.26% 23,632 $142,974
Unknown issuer (CUSIP: K08588103) $2,278,589 0.26% 8,543 Up ×1
JNJ Johnson & Johnson Common Stock $2,235,444 0.26% 8,802 $80,461 Down ×1
CAT Caterpillar, Inc. Common Stock $2,165,703 0.25% 2,034 $-360,309 Down ×3
PH Parker-Hannifin Corporation Common Stock $2,156,755 0.25% 2,205 $198,865 Up ×6
QQQ Invesco QQQ Trust, Series 1 $2,140,715 0.25% 2,907 $676,987 Up ×1
WMT Walmart Inc. - Common Stock $2,094,285 0.24% 18,491 $-210,501 Down ×1
PG Procter & Gamble Company (The) Common Stock $2,061,465 0.24% 14,058 $-11,393 Down ×2
RKLB Rocket Lab Corporation - Common Stock $2,045,706 0.24% 20,125 $357,748 Down ×2
LHX L3Harris Technologies, Inc. Common Stock $1,949,859 0.22% 6,710 $-362,646 Up ×5
CSCO Cisco Systems, Inc. - Common Stock $1,897,964 0.22% 16,158 $128,028 Down ×1
PM Philip Morris International Inc Common Stock $1,865,544 0.21% 10,312 $177,092 Up ×5
ABBV AbbVie Inc. Common Stock $1,857,534 0.21% 7,382 $237,297 Down ×1
LLY Eli Lilly and Company Common Stock $1,690,987 0.19% 1,410 $353,863 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $1,669,990 0.19% 4,673 $372,519 Up ×1
IJR iShares Trust $1,666,708 0.19% 11,238 $263,745 Down ×6
LYV Live Nation Entertainment, Inc. Common Stock $1,644,511 0.19% 8,981 $415,433 Up ×6
NFLX Netflix, Inc. - Common Stock $1,621,208 0.19% 22,706 $-577,839 Down ×2
HEI-A (filed as HEIA) HEICO Corporation Class A $1,589,499 0.18% 6,163 $319,370 Up ×1
TPL Texas Pacific Land Corporation Common Stock $1,577,692 0.18% 3,605 $-225,161 Down ×2
HD Home Depot, Inc. (The) Common Stock $1,535,569 0.18% 4,354 $113,778 Up ×6
TDG Transdigm Group Incorporated Common Stock $1,534,510 0.18% 1,152 $212,137 Up ×1
VO VANGUARD INDEX FUNDS $1,493,123 0.17% 18,532 $123,849 Up ×1
MA Mastercard Incorporated Common Stock $1,459,651 0.17% 2,842 $50,110 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $1,448,256 0.17% 3,357 Up ×1
ARM Arm Holdings plc - American Depositary Shares $1,414,380 0.16% 3,989 $683,698 Down ×3
SCHG SCHWAB STRATEGIC TRUST $1,384,150 0.16% 40,903 $192,652
VMC Vulcan Materials Company (Holding Company) Common Stock $1,373,862 0.16% 4,657 $62,737 Down ×2
LRCX Lam Research Corporation - Common Stock $1,361,523 0.16% 3,142 Up ×1
VUG VANGUARD INDEX FUNDS $1,359,349 0.16% 15,781 $163,113 Up ×1
BK The Bank of New York Mellon Corporation Common Stock $1,353,116 0.16% 9,357 $251,874 Up ×6
MLM Martin Marietta Materials, Inc. Common Stock $1,347,662 0.16% 2,337 $94,449 Up ×1
CMI Cummins Inc. Common Stock $1,318,725 0.15% 1,849 $331,996 Up ×1
BN Brookfield Corporation Class A Limited Voting Shares $1,312,666 0.15% 30,821 $-16,005 Down ×1
BLK BlackRock, Inc. Common Stock $1,284,644 0.15% 1,336 $14,225 Up ×6
PFG Principal Financial Group Inc - Common Stock $1,255,138 0.14% 11,645 $200,457 Down ×2
AJG Arthur J. Gallagher & Co. Common Stock $1,254,600 0.14% 5,465 $170,401 Up ×5
SHOP Shopify Inc. - Class A Subordinate Voting Shares $1,230,175 0.14% 10,774 $275,996 Up ×3
ARGX argenx SE - American Depositary Shares $1,197,751 0.14% 1,291 $252,807 Down ×4
MPWR Monolithic Power Systems, Inc. - Common Stock $1,188,830 0.14% 860 $229,962 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $1,183,485 0.14% 9,210 $90,771 Up ×1
ALNY Alnylam Pharmaceuticals, Inc. - Common Stock $1,182,446 0.14% 3,928 $-127,799 Down ×3
MET MetLife, Inc. Common Stock $1,170,495 0.13% 13,834 $195,903 Up ×6
EMXC iShares MSCI Emerging Markets ex China ETF $1,161,514 0.13% 11,354 $92,446 Down ×2
KKR KKR & Co. Inc. Common Stock $1,159,916 0.13% 12,638 $189,036 Up ×3
FITB Fifth Third Bancorp - Common Stock $1,141,493 0.13% 20,250 $211,689 Up ×6
ORLY O'Reilly Automotive, Inc. - Common Stock $1,140,811 0.13% 12,388 $-157,529 Down ×1
HLT Hilton Worldwide Holdings Inc. Common Stock $1,133,808 0.13% 3,431 $-181,642 Down ×3
PLD Prologis, Inc. Common Stock $1,130,362 0.13% 8,344 $120,242 Up ×6
UNP Union Pacific Corporation Common Stock $1,129,344 0.13% 4,152 $121,986
CBRE CBRE Group Inc Common Stock Class A $1,118,735 0.13% 8,306 $125,407 Up ×6
COHR Coherent Corp. Common Stock $1,097,810 0.13% 2,783 $433,919 Down ×2
BAC Bank of America Corporation Common Stock $1,059,414 0.12% 18,593 $161,585 Up ×1
COP ConocoPhillips Common Stock $1,057,897 0.12% 10,176 $-270,947 Up ×5
DAL Delta Air Lines, Inc. Common Stock $1,051,146 0.12% 11,223 $330,436 Up ×1
KO Coca-Cola Company (The) Common Stock $1,037,501 0.12% 12,766 $54,098 Down ×1
PRU Prudential Financial, Inc. Common Stock $1,031,487 0.12% 9,557 $112,908 Up ×5
KMI Kinder Morgan, Inc. Common Stock $1,018,980 0.12% 31,873 $-42,815 Up ×5
IBDZ iShares Trust $981,564 0.11% 37,680 $-377
IBCA iShares Trust $980,095 0.11% 38,270 $-1,148
IBDU iShares Trust $979,900 0.11% 42,310 $-4,231
IBDX iShares Trust $979,362 0.11% 38,879 $-3,110
IBDY iShares Trust $978,773 0.11% 38,018 $-3,992
IBDV iShares Trust $977,011 0.11% 44,817 $-4,033
OKTA Okta, Inc. - Class A Common Stock $974,662 0.11% 7,143 $401,102 Down ×2
IBDW iShares Trust $974,124 0.11% 46,743 $-4,207
USB U.S. Bancorp Common Stock $969,239 0.11% 16,047 $146,597 Up ×3
VZ Verizon Communications Inc. Common Stock $969,213 0.11% 22,891 $-161,447 Up ×5
QCOM QUALCOMM Incorporated - Common Stock $953,037 0.11% 5,157 $292,252 Up ×6
CASY Caseys General Stores, Inc. - Common Stock $951,364 0.11% 1,197 $77,932 Down ×1
IBM International Business Machines Corporation Common Stock $934,742 0.11% 3,324 $89,770 Down ×1
CSX CSX Corporation - Common Stock $915,713 0.11% 19,266 $129,647 Up ×6

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

SecurityValue% of portfolioStreak
JHMM $75,543,904 8.69% up ×6
BND $62,703,686 7.22% up ×4
JHSC $35,111,748 4.04% up ×6
SPYM $4,070,919 0.47% up ×5
AVGO $2,536,969 0.29% up ×5
META $2,373,704 0.27% up ×3
PH $2,156,755 0.25% up ×6
LHX $1,949,859 0.22% up ×5
PM $1,865,544 0.21% up ×5
LYV $1,644,511 0.19% up ×6
HD $1,535,569 0.18% up ×6
BK $1,353,116 0.16% up ×6
BLK $1,284,644 0.15% up ×6
AJG $1,254,600 0.14% up ×5
SHOP $1,230,175 0.14% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: K08588103) $2,278,589 8,543 0.26%
DELL $1,448,256 3,357 0.17%
LRCX $1,361,523 3,142 0.16%
Unknown issuer (CUSIP: 46438G166) $697,460 27,721 0.08%
INTC $664,517 4,759 0.08%
TXN $596,140 2,000 0.07%
IBTG $495,683 21,655 0.06%
IEMG $376,011 4,539 0.04%
MCO $360,071 795 0.04%
TOST $316,814 11,388 0.04%
CGNX $294,822 4,071 0.03%
GWW $261,197 192 0.03%
GE $247,089 661 0.03%
RDDT $222,182 1,280 0.03%
RIVN $220,432 12,705 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVV Trimmed -1K +$25.7M
IWL Trimmed -8K +$11.2M
JHMM Bought more +7K +$8.3M
VEA Trimmed -14K +$8.0M
JHSC Bought more +26K +$5.2M
IWR Trimmed -5K +$4.0M
BND Bought more +47K +$3.3M
AAPL Bought more +4K +$1.8M
NVDA Bought more +345 +$1.7M
IWM Trimmed -715 +$1.7M

Exited positions

11

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarterShares beforeValue beforePrice since exit
FSCO Dec. 31, 2025 313,587 $2,166,886 -18.9%
ASND June 30, 2026 8,582 $1,962,961 -14.6%
CRM Dec. 31, 2025 5,886 $1,394,982 -11.4%
REGN June 30, 2026 1,695 $1,309,625 17.9%
CPRT June 30, 2026 25,730 $854,236 -3.4%
DFAC Dec. 31, 2025 20,143 $776,912
RKLB (filed as RKLBXXXX) June 30, 2025 42,527 $760,383 106.7%
NSC March 31, 2026 2,515 $726,131 10.6%
JCI Sept. 30, 2025 6,769 $714,942 42.1%
HUBS March 31, 2026 1,767 $709,097 -12.1%
MMM Sept. 30, 2025 4,352 $662,548 4.3%
VT Dec. 31, 2025 4,696 $647,109
ARKK Dec. 31, 2025 7,229 $623,863
PNR March 31, 2026 5,642 $587,558 -39.1%
WHD Sept. 30, 2025 13,030 $569,672 60.7%
BPMC Sept. 30, 2025 4,441 $569,247 No longer tracked
VRSK June 30, 2026 2,952 $560,142 -8.7%
KMX June 30, 2025 6,456 $503,052 -18.3%
IT Sept. 30, 2025 1,211 $489,510 -29.7%
DPZ March 31, 2026 1,162 $484,345 -17.1%
INSM June 30, 2026 2,841 $464,560 4.2%
XYZ Sept. 30, 2025 6,519 $442,836 2.9%
DOW June 30, 2025 12,169 $424,941 5.6%
STZ Sept. 30, 2025 2,385 $387,992 -16.2%
EMN June 30, 2025 4,252 $374,644 -13.1%
DD Dec. 31, 2025 4,769 $371,505 223.3%
HBAN Sept. 30, 2025 21,979 $368,368 -11.2%
CAVA Dec. 31, 2025 5,506 $332,617 -7.3%
IBDQ Dec. 31, 2025 11,870 $299,005
HON June 30, 2026 1,213 $274,174 -4.4%
PGR Sept. 30, 2025 982 $262,057 -14.8%
ACN June 30, 2026 1,279 $253,613 59.8%
WRB Dec. 31, 2025 3,283 $251,543 -1.6%
PCTY June 30, 2026 2,322 $250,869 38.2%
INTU June 30, 2026 571 $246,889 7.7%
F June 30, 2025 23,621 $236,919 11.5%
BKNG Sept. 30, 2025 40 $231,570 -97.1%
IGSB March 31, 2026 4,277 $226,168
APD March 31, 2026 909 $224,541 -4.4%
MCO March 31, 2026 435 $222,220 1.2%
FWONA March 31, 2026 2,401 $214,601 6.8%
OVV June 30, 2025 4,938 $211,346 58.6%
SAM Sept. 30, 2025 1,105 $210,845 -20.8%
APPF March 31, 2026 901 $209,618 28.6%
AMGN March 31, 2026 639 $209,269 14.5%
CINF March 31, 2026 1,278 $208,723 2.9%
WAT Sept. 30, 2025 597 $208,377 41.8%
VTIP Dec. 31, 2025 4,072 $206,165
MTN June 30, 2025 1,262 $201,945 -10.2%
CCC June 30, 2026 33,373 $200,238 27.1%
EVV Dec. 31, 2025 10,017 $101,673 No longer tracked
DENN Dec. 31, 2025 13,542 $70,825 No longer tracked